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An announcement from Mercurius Capital Investment Limited ( (SG:5RF) ) is now available.
Mercurius Capital Investment Limited, through its joint venture company Grand Bay Hotel Co., Ltd., has completed the sale of six plots of vacant land in Phuket, Thailand, to Octave Real Estate (Thailand) Co., Ltd. for THB 625 million. This transaction follows a civil judgment requiring GBH to repay a loan to CS Property, with the sale proceeds likely aiding in settling the outstanding debt and resolving legal obligations.
More about Mercurius Capital Investment Limited
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$22.29M
See more insights into 5RF stock on TipRanks’ Stock Analysis page.